Soneri Bank Limited · PSX:SNBL
Soneri Bank — Investor Presentation (December 2020)
18 slides from Soneri Bank's investor presentation, December 2020
Slide 1: Soneri Bank Limited Corporate Briefing Session 2020
Soneri Bank Limited Corporate Briefing Session 2020
Slide 2: Note about forward-looking statements
Note about forward-looking statements This document contains or incorporates by reference “forward-looking statements” regarding the belief or current expectations of Soneri Bank Limited (the “Bank”), the Board of Directors, and members of senior management about the strategy, businesses and perform
Slide 3: Company Brief
Company Brief | o
Slide 4: The Bank – At A glance
The Bank – At A glance Commencement of Operations April 1992 Registered Office Lahore Major Sponsors Feerasta Family Credit Rating (Long Term / Short Term) AA- / A1+ Branches 340 (including 30 Islamic Branches) Footprint (Cities Covered) 169 cities in Pakistan Market Share* 1.90% of deposits / 2.37%
Slide 5: Equity Progression
Equity Progression Current Market Our share capital over the years…… Capitalization – PKR 11 Bn Rs in Bns 12.000 11.025 10.023 10.000 9.021 8.028 8.000 6.023 6.000 5.019 4.114 4.000 3.117 1.653 2.000 1.018 1.272 0.501 0.626 0.783 0.300 0.330 0.380 - 1992 -2006 2007 onwards • The growth in capital ha
Slide 6: Earnings, Payouts and Shareholding Pattern
Earnings, Payouts and Shareholding Pattern Presented below is the Bank’s Dividend payout, as compared to Pattern of Shareholding – September 2020 the earnings for the relevant year and the market price of the Bank’s share…. Shares Particulars Percentage (Millions) DIRECTORS, CEO & THEIR SPOUSES 74%
Slide 7: How we operate……
How we operate…… • Branch footprint of 307 branches (Out of • 3 dedicated Corporate Branches, 340 overall) serving vintage relationships • Deposit Book Size of Rs.283 Bn (85% of • Lower Risk profile of Sizeable Asset total Bank Deposits) Portfolio (Net Loan Book Size – Rs. 131 Bn • Dedicated and pur
Slide 8: Financial Performance Review – 9M2020
Financial Performance Review – 9M2020
Slide 9: Profit & Loss Snapshot – 9M2020
Profit & Loss Snapshot – 9M2020 Rs in Mln 9M2020 9M2019 Variance YoY • With Total Revenue up by Rs. 3,380 Mn or 44% YoY and Mark-up / return / interest earned 33,455 26,986 6,469 24% operating expenses restricted to 6%, the current period Mark-up / return / interest expensed 25,314 21,018 4,296 20%
Slide 10: Balance Sheet Snapshot – With Average Volumes
Balance Sheet Snapshot – With Average Volumes Rs'mn 9M 2020 YE 2019 Growth vs 2019 9M 2019 AVG DR 9.85% 12.06% -2.21% 11.60% Deposits EOP increased by 28.6bn(9%) vs Dec’19 with AVG growth of 34bn (13%). Total Assets 486,881 442,541 44,340 10% 464,344 • EOP CASA growth of 29.7bn(16%) vs Dec’19 with m
Slide 11: Deposits
Deposits Deposits Mix (EOP) FTM CoD Vs. DR Trend 120.00% CASA CASA CASA 13.25% 13.25% 13.25% 13.25% 60.29% 63.26% 66.78% 11.00% 100.00% Gap 3.88% CA 26.07% 24.90% 27.66% 9.00% 80.00% 8.00% DR 9.37% 9.29% 9.32% 7.00% 7.00% 9.15% 7.00% 60.00% 7.87% Gap SA 34.23% 38.36% 39.12% 7.16% 6.63% 1.56% 5.68% C
Slide 12: Advances & Investments
Advances & Investments YOY- Gross Advances & Yields NPL`s & Coverage 12.19% 25,000 90% 250,000 13.00% 11.80% Yields COV 10.46% 75% 200,000 20,000 72% 70% 75% 212,516 10.00% 150,000 15,000 7,708 7,615 SP Gross 206,983 8,113 60% Advances 100,000 195,355 10,000 7.00% NPL 45% 50,000 5,000 10,662 10,903
Slide 13: Key Ratios – Historical Trends
Key Ratios – Historical Trends Financial Ratios 9M 2020 YE 2019 9M 2019 Yield - Earning Assets 10.69% 11.63% 11.27% CoF 7.71% 8.64% 8.17% CIR Improved vs CPLY Profit Ratios due to increase in Spread 2.98% 3.00% 3.10% COD 7.28% 8.24% 7.79% revenue by 43% Cost to Income Ratio 60.08% 74.20% 78.12% whil
Slide 14: Takeaways, Challenges and Aspirations
Takeaways, Challenges and Aspirations
Slide 15: Takeaways and Challenges – September 2020
Takeaways and Challenges – 30 September 2020 Challenges : Operating Profit reflects a • With the current DR regime expected to continue, Spreads are significant increase of Rs. 2.82 expected to remain under pressure. Bn or 180% YoY • GDP growth is expected to arrive between 2.0-2.5% for FY21, PBT Gr
Slide 16: Going forward
Going forward 2021 will be the year for a Strategic Refresh for the organization; With a target balance sheet footing of half a trillion, we shall be entering the mid-sized bank category in 2021; For us to outperform peers, catch up is required in the next 2-3 years by focusing on relationship
Slide 17: Questions & Answers
Questions & Answers | o
Slide 18: Registered Office
Registered Office: Rupali House 241-242, Upper Mall Scheme, Anand Road, Lahore – 54000, Pakistan Tel: (042) 35713101-04 Central Office: 10th Floor, PNSC Building, M.T. Khan Road, Karachi – 74000, Pakistan Tel: (021) 111-567-890